Sustainalytics’ ESG Risk Ratings cover more than 15,000 companies across 42 industries.
NEW YORK, March 9, 2023 –Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced it was named a 2023 Top-Rated ESG Company by Sustainalytics, a Morningstar company and a leading independent ESG corporate governance research, ratings, and analytics firm. For the second year, Convergent earned its top rating for the company’s demonstrated commitment to ESG practices. Convergent was also recognized as a top performer in its Regional and Industry Group rankings, for its work to build an energy landscape that is less expensive, more reliable, and increasingly sustainable.
“Being a good corporate citizen is core to Convergent’s identity. It is an honor to be recognized by a respected rating agency like Sustainalytics for our commitment to continuous improvement and leadership in ESG,” said Johannes Rittershausen, Convergent’s CEO. “We are proud to be a leader in corporate sustainability and a partner to utilities and businesses that want to reduce their electricity costs and improve their carbon footprint. Energy storage is the linchpin of the clean energy transition and we are proud to accelerate this transition together with our customers.”
The ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. Sustainalytics rated Convergent as “low risk” in its ESG risk assessment, ranking 12th out of 714 companies in the utilities industry group as of February, 2023. Convergent received a rating of “low” exposure to various material ESG issues and “strong” management, indicating that it has robust ESG practices and policies.
For more information on Convergent’s commitment to the clean energy transition, view its 2022 Sustainability and Impact Report.
About Convergent Energy and Power
Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has over a decade of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company’s commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent’s proprietary asset management platform, PEAK IQ® leverages machine learning and deep market knowledge to optimize asset performance and maximize value. Convergent has over $500M invested in or committed to projects in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.
Convergent Press Contact
SVP, Marketing and Communications
Convergent Energy and Power
ksiskel [at] convergentep.com